Angola’s long-running financial relationship with China has been built on a simple equation: Angola would repay its growing Chinese debt with oil,...
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A report by Afreximbank reveals that African countries’ defaulted loans hit a record $149.4 billion in 2022, driven by rising borrowing costs and global crises, including the COVID-19 pandemic and the Russia-Ukraine war. East Africa tops the continent’s indebtedness, with Kenya and Tanzania leading in loan defaults. According to the study, the region recorded a…
Angola’s long-running financial relationship with China has been built on a simple equation: Angola would repay its growing Chinese debt with oil,...
Angola’s long-running financial relationship with China has been built on a simple equation: Angola would repay its growing Chinese debt with oil,...
In a significant announcement that could reshape economic dynamics on the African continent, China has pledged a staggering $51 billion in financial...
In a significant announcement that could reshape economic dynamics on the African continent, China has pledged a staggering $51 billion in financial...
By BUUMBA CHIMBULU DEBT refinancing risks remain high across the Sub-Saharan Africa amid a substantial amount of debt maturing in 2024 and 2025, as...
The NDB is to conduct 30% of green loans in local currencies as a step toward alleviating indebtedness but how did this challenge come about in the...
Capital flows to emerging market and developing economies went through several boom-bust cycles in recent decades, often partlydrivenby external...
Capital flows to emerging market and developing economies went through several boom-bust cycles in recent decades, often partlydrivenby external...
CAIRO, Egypt, CMC – The African Export-Import Bank (Afreximbank) on Wednesday announced that it is donating more than half a million US dollars to...
China has been forging closer ties with Africa, a relationship that some see as burdened with debt, while others praise it as increasing Africa's...